T-Mobile reported second quarter earnings that missed analysts' revenue estimates, sending shares down about 8%. The company added 277,000 net accounts, down roughly 13% from a year earlier but slightly above the 264,000 consensus. T-Mobile reiterated its full-year guidance for postpaid net account additions of 950,000 to 1.05 million, disappointing investors who had expected a raise across the board. Analysts noted the stock was priced for perfection and that the unchanged outlook, combined with the revenue miss, triggered the sell-off.
T-Mobile US IncQ2 revenue miss and unchanged full-year guidance disappointed investors, triggering an 8% sell-off.
Deutsche Telekom AGAs majority owner of T-Mobile US, Deutsche Telekom is indirectly affected by the negative earnings report and stock decline.